Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
by
VeritasSapere
on 12/02/2016, 12:58:51 UTC
I have a more serous question about this project. As far as I understand it the only real innovation is the community DAO, which by itself is not really that innovative at all, there are other projects that have already done this.

However as far as I understand it, this is being presented as an alternative to Ethereum. I do not see what is wrong with Ethereum however since its launch was fair. Ethereum still requires a lot of development work, and I do not see how this project will be able to overtake the network effect and development that Ethereum has. I am even wondering if Expanse will be able to keep up with updating when Ethereum is updated and changed.

Furthermore I do not think that the governance of Ethereum is necessarily flawed. If you really wanted to tackle that problem there should have been a allotment in the block reward that allocates a certain percentage to Expanse funding which would then have to be voted upon by some process. Dash and Bitshares are both examples of such a process. Having a singular pre-mine like this which is supposedly decided upon by the community, with such a small group of founders, and small community I do not necessarily see that working out well.

I do not see any type of great innovation or need that this project is filling, besides maybe peoples greed wanting to jump onto the "next Ethereum" as Ethereum is currently going parabolic.

So yes I am here critiquing this cryptocurrency. Please correct me if I am wrong with a convincing argument and I might even invest myself. Wink

the answer is: price.

what do you think should a well managed clone of eth be worth? i say that 1% of the marketcap of eth should be absolutely fine. agree? now go and make a little math and you know why to buy.
According to that logic then what is stopping more clones from being created? With that thought the price of such a clone would be determined by what other clones are on the market and how this project can compete with them. Nothing is a sure thing, thinking that Expanse should have such a market cap is not necessarily based on reality and might not come to pass.